Property listed by Coldwell Banker Realty, Tatiana Weiss 310-458-0091
$1,550,000
Seize the opportunity to invest in this well-maintained, 5-unit apartment building located in a highly desirable area of Los Angeles. This property is ideally situated, offering a blend of urban convenience and residential charm. Some key features include: 1)Units: 5 well-maintained units, with one completely remodeled and currently vacant, ideal… Read More for immediate leasing. 2) Prime Location: Located near trendy coffee shops, unique markets, popular restaurants, and shopping centers. The nearby farmers market offers fresh, local goods, adding to the neighborhood's appeal. 3) Proximity to Culver City: Close to the tech hub of Culver City, home to digital media companies, marketing firms, and major studios, creating strong rental demand*Parks & Recreation: Easy access to nearby parks for outdoor activities and relaxation. 4) Exterior: Recently painted and well-maintained, giving the building a fresh, modern look. 5) Parking: Ample on-site parking for tenants, a rare find in this highly sought-after area. Investment Highlights: 1)Cash Flow: Currently generating strong rental income, with upside potential through rent increases and leasing the remodeled unit. 2) Appreciation: Located in an area poised for long-term appreciation, offering both immediate returns and future growth. 3) Upside Opportunity: With one remodeled unit vacant, investors can either occupy it or lease it for additional income. Perfect for investors seeking a property with a combination of stable cash flow and long-term growth. This is a rare find in a highly desirable neighborhood. Don't miss out on this incredible opportunity! SEE DOCS FOR OM. Read Less
Listing Snapshot
Days Online
156
Last Updated
Property Type
Other
Beds
9
Square Ft.
3,966
Lot Size
0.11 Acres
Year Built
1946
MLS Number
25509101
30 Days Snapshot Of 90066
$2.45M
-3%
(avg) sold price
26
-40%
homes sold
47
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1946, Building area total: 3,966, Levels: Two, Living area: 3966, 2 stories, 1 building
Heating
WallFurnace
Income
Gross income: $113,196, Net operating income: $87,088
Lot
0.1146 acres, 4,994 square feet, Size: 4,994
Parking
5 totals parking, AttachedCarport, Driveway
Property
Zoning: CCR4YY
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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